About this episode
After gold surged to a historic all-time high of over $4,381, the market was hit with a violent correction, with prices plunging more than 5% in the sharpest single-day drop since 2013. As the Wall Street narrative points to a "risk-on" rotation into equities, many investors are asking if the bull market is over. In this Kitco News interview, Rich Checkan, President of Asset Strategies International, argues the exact opposite. He calls the rout a "massive opportunity to buy well" and explains why he believes the core fundamentals—from central bank buying to currency debasement—remain firmly intact. Jeremy Szafron sits down with Rich to go beyond the headlines and dissect what's really happening in the precious metals markets. They discuss the psychology of a market top versus a healthy correction, the profound disconnect between the crashing paper price and the extreme tightness in the physical market, and the key indicators every investor should be watching now. Rich also provides his actionable playbook for investors wondering whether to buy, hold, or sell in the face of this volatility. Recorded on October 22, 2025.